Nordea AM targets later part of cycle with infrastructure strategy

Targeting investor concerns about how long the current economic cycle can continue, Nordea Asset Management has launched a global infrastructure strategy, as well as appointed a new manager for its existing global property fund. The Nordea 1 - Global Listed Infrastructure fund is managed by CBRE Clarion Securities, and targets demand for new and existing infrastructure. Nordea says that listed infrastructure "is a solid late-cycle alternative", with the asset classe providing "defensive and stable growth...anchored by dividend income...